HOEPA Status/2nd Residence

Posted By: Compliance Newbie

HOEPA Status/2nd Residence - 04/03/18 01:18 PM

Our LOS system defaults to Not Applicable for the HOEPA Status for Second Residences on the LAR. Is this correct?

Posted By: RR Joker

It's not their principal residence so it's not subject to HOEPA.

Posted By: Compliance Newbie

Thanks